Market Reaction To Top Executive Turnover In China Growth Enterprises Market: Focus On Difference Of Executive Characteristics

摘要：

　　As Chinas capital market matures, any event that occurs in an enterprise may have an impact on the stock price of a listed company.When a company changes its executives, it usually brings different degrees of fluctuations in the companys stock price.Generally speaking, the background characteristics of the executives education, age, and social relations will contain a certain amount of information, and according to relevant information, the stock price can be impacted.This study will use event analysis method which obtain a three-day period before and after the occurrence of executive change to study whether the background characteristics of the previous and next executives of the companys executive turnover affect the degree of stock price changes.This article focuses on companies listed on the China Growth Enterprises Market, because the volatility of such companies stock price fluctuations for executives will be more significant.

关键词： executive turnover background characteristics stock price difference of characteristics

作者: Yi Jiang Xiaodan Yu

作者单位: School of Information, University of International Business and Economics, Beijing, 100020, China

会议类型: 国际会议

会议名称: The Eighteenth Wuhan International Conference on E-Business(第18届武汉电子商务国际会议)

会议地点: 武汉

会议语种:英文

页码: 624-629

在线出版日期: 2019-05-24（万方平台首次上网日期，不代表论文的发表时间）